Dealer bill included excise duty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2014 IF DEALER GIVE INCLUDE EXCISE BILL RS. 100/-+ VAT 5/-=105/- & SHOWING AMOUNT OF DUTY SEPRATE IN THE SAME INVOICE AT THE TIME OF ENTRY IN TALLY OF PURCHASE CAN I PASS THE ENTRY AS PER PLEASE CONFIRM ME. THAT I AM CONFUSE.
NET PURCHASE -89/-
EXCISE DUTY -11/-
------------------
TOTAL - 100/-
VAT - 5/-
------------------
GRAND TOTAL - 105-

Guest

Guest (Expert)

26 May 2014 r u getting input of vat also...

if not then why u not making purchase dr from 94 i.e. basic price plus vat

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2014 First i thanks, i also taken cenvat credit of excise so please as per i pass the entry in tally is ok or not please confirm

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Guest

Guest (Expert)

26 May 2014 i know this that u had taken cenvat credit... in my view u r not taking credit for vat na... if not than pass purchase dr by 94 inculding vat

and if vat credit is avaiable then u r right

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2014 I ALSO TAKEN CENVAT CREDIT & VAT CREDIT PLEASE EXPLAIN WITH EXMAPLE

Guest

Guest (Expert)

26 May 2014 than ur entry is right dear